Can any body tell me the difference between Provisional,Estimated & Projected figures?
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(Guest)
Provisional figures are amounts provided to meet future liabilities and they are based on the estimation of future liabilities like provision for income tax.
Estimated figures means amounts estimated. For example a company can estimate the cost of setting up a new project with quotations and other expense details available.
Projected figure means amounts projected based on actual amounts. For example if a company has turnover of rs. 1 crore, then we can project the turnover for that company for the next year 1.25 crore if there is growth in industry and considering other relevant trends.
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